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Daniel Loeb Third Point
AUM
$4.68B
Turnover
50%
1-Year Est. Return
37.3%
Daniel Loeb is the founder of Third Point, an event-driven and activist-oriented hedge fund. He is known for pointed letters to management teams, catalyst-driven investing, and a flexible mandate across equities and credit. Loeb’s campaigns and portfolio shifts regularly generate attention beyond specialist hedge fund circles.
This Fund
S&P 500
This Quarter Est. Return
+6.42%
1 Year Est. Return
+37.3%
3 Year Est. Return
+159.49%
5 Year Est. Return
+329.12%
10 Year Est. Return
+1,791.94%
AUM
$10.8B
AUM Growth
-$267M
(-2.4%)
Cap. Flow
-$1.52B
Cap. Flow % of AUM
Cap. Flow %
-14.03%
Top 10 Holdings %
Top 10 Hldgs %
60.3%
Holding
54
New
14
Increased
6
Reduced
7
Closed
13
Avg Time Held
Equity + Options
0.6
years
Top 10 Avg Time Held
Equity + Options
0.5
years
Top 20 Avg Time Held
Equity + Options
0.7
years
Avg Time Held Equity only
0.7
years
Top 10 Avg Time Held Equity only
0.7
years
Top 20 Avg Time Held Equity only
0.7
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Yum! Brands
YUM
|
+$251M |
| 2 |
Mohawk Industries
MHK
|
+$203M |
| 3 |
FedEx
FDX
|
+$156M |
| 4 |
NXP Semiconductors
NXPI
|
+$140M |
| 5 |
McKesson
MCK
|
+$139M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$1.04B |
| 2 |
Citigroup
C
|
+$271M |
| 3 |
EMC CORPORATION
EMC
|
+$208M |
| 4 |
American Airlines Group
AAL
|
+$201M |
| 5 |
Williams Companies
WMB
|
+$180M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 27.05% |
| 2 | Technology | 11.23% |
| 3 | Consumer Discretionary | 10.73% |
| 4 | Materials | 9.76% |
| 5 | Consumer Staples | 9.69% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Amgen
AMGN
$230B
| $1.6B | 14.77% |
10,000,000
-675,000
| -6% | -$106M |
2014 Q2
3 quarters
|
|
|
AGN
2
DELISTED
Allergan plc
AGN
| $1.06B | 9.83% |
3,575,000
+125,000
| +4% | +$35.6M |
2014 Q1
4 quarters
|
|
3
DuPont de Nemours
DD
$17.5B
| $1.06B | 9.76% |
8,687,384
| – | – |
2013 Q4
5 quarters
|
|
4
Ally Financial
ALLY
$11.4B
| $545M | 5.04% |
26,000,000
-4,000,000
| -13% | -$84.2M |
2014 Q2
3 quarters
|
|
5
eBay
EBAY
$53.6B
| $519M | 4.8% |
21,384,000
-2,376,000
| -10% | -$56.7M |
2014 Q3
2 quarters
|
|
6
PUT
iShares Russell 2000 ETF
IWM
$77.8B
| $497M | 4.6% |
+4,000,000
| New | +$482M |
2015 Q1
0 quarters
|
|
|
7
Mohawk Industries
MHK
$7.84B
| $339M | 3.13% |
1,825,000
+1,175,000
| +181% | +$203M |
2014 Q4
1 quarter
|
|
8
Phillips 66
PSX
$116B
| $314M | 2.91% |
4,000,000
-1,000,000
| -20% | -$73.4M |
2014 Q4
1 quarter
|
|
9
Dollar General
DG
$29.4B
| $302M | 2.79% |
4,000,000
| – | – |
2013 Q2
7 quarters
|
|
10
Liberty Global Class C
LBTYK
$2.54B
| $289M | 2.67% |
7,169,357
| – | – |
2013 Q2
7 quarters
|
|
|
BID
11
DELISTED
Sotheby's
BID
| $281M | 2.6% |
6,650,000
| – | – |
2013 Q2
7 quarters
|
|
12
Roper Technologies
ROP
$37.9B
| $275M | 2.54% |
1,600,000
+300,000
| +23% | +$48.6M |
2014 Q1
4 quarters
|
|
13
Masco
MAS
$14.4B
| $267M | 2.47% |
11,380,000
| – | – |
2014 Q1
4 quarters
|
|
|
14
Yum! Brands
YUM
$40.9B
| $260M | 2.4% |
+4,590,300
| New | +$251M |
2015 Q1
0 quarters
|
|
15
AB InBev
BUD
$163B
| $244M | 2.25% |
2,000,000
-250,000
| -11% | -$30.2M |
2014 Q1
4 quarters
|
|
16
DELISTED
SUNEDISON, INC COM
SUNE
| $240M | 2.22% |
10,000,000
-1,250,000
| -11% | -$26.9M |
2014 Q3
2 quarters
|
|
17
Delta Air Lines
DAL
$49.1B
| $236M | 2.18% |
5,250,000
+1,400,000
| +36% | +$64.9M |
2014 Q4
1 quarter
|
|
18
Constellation Brands
STZ
$22.2B
| $232M | 2.15% |
2,000,000
| – | – |
2013 Q2
7 quarters
|
|
19
Sensata Technologies
ST
$5.95B
| $230M | 2.12% |
4,000,000
| – | – |
2014 Q1
4 quarters
|
|
20
American International
AIG
$42.2B
| $192M | 1.77% |
3,500,000
| – | – |
2014 Q4
1 quarter
|
|
21
People Inc
PPLI
$2.86B
| $161M | 1.49% |
13,345,047
+55,954
| +0.4% | +$647K |
2014 Q2
3 quarters
|
|
|
22
NXP Semiconductors
NXPI
$58B
| $160M | 1.48% |
+1,593,200
| New | +$140M |
2015 Q1
0 quarters
|
|
|
23
FedEx
FDX
$69.5B
| $149M | 1.38% |
+900,000
| New | +$156M |
2015 Q1
0 quarters
|
|
|
24
CALL
eBay
EBAY
$53.6B
| $144M | 1.33% |
+5,940,000
| New | +$142M |
2015 Q1
0 quarters
|
|
|
25
McKesson
MCK
$118B
| $142M | 1.31% |
+625,600
| New | +$139M |
2015 Q1
0 quarters
|
|
Similar funds
TCIM
Daniel Loeb's Q1 2015 Portfolio in Review
As of Q1 2015, Daniel Loeb held 54 positions worth $10.8B, down 2.4% from $11.1B the previous quarter. Its ten largest holdings account for 60% of the portfolio.
Daniel Loeb withdrew a net $1.52B in Q1 2015, closing 13 positions and reducing 7 holdings. Its most notable exit was Alibaba, an estimated $1.04B position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 27% of assets, up from 26% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Daniel Loeb opened a new position in Yum! Brands worth $260M.
- Daniel Loeb's largest Q1 2015 buy was Yum! Brands: 4,590,300 shares worth $260M.
- Daniel Loeb added most to Mohawk Industries in Q1 2015, an estimated $203M increase.
- Daniel Loeb's biggest Q1 2015 reduction was Amgen, cutting an estimated $106M.
- Daniel Loeb fully exited Alibaba in Q1 2015, selling an estimated $1.04B.
- Daniel Loeb's ten largest holdings make up 60% of its $10.8B portfolio in Q1 2015.
- Daniel Loeb opened 14 new positions and closed 13 in Q1 2015.
- Daniel Loeb's portfolio value fell 2.4% quarter-over-quarter to $10.8B.
Based on Third Point's 13F filing for Q1 2015, filed 15 May 2015.